NS4E.DE vs. QUEJ.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and QUEJ.DE (BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) are both Japan Equities funds - NS4E.DE tracks the JPX-Nikkei Index 400 while QUEJ.DE tracks the MSCI Japan SRI S-Series PAB 5% Capped. Both are passively managed. Over the past 3 years, NS4E.DE returned 26.09%/yr vs 5.98%/yr for QUEJ.DE. A 0.70 correlation means they provide meaningful diversification when combined. NS4E.DE charges 0.19%/yr vs 0.25%/yr for QUEJ.DE.
Performance
NS4E.DE vs. QUEJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NS4E.DE achieves a 20.94% return, which is significantly higher than QUEJ.DE's 13.48% return.
NS4E.DE
- 1D
- 0.76%
- 1M
- 2.16%
- 6M
- 19.66%
- YTD
- 20.94%
- 1Y
- 46.51%
- 3Y*
- 26.09%
- 5Y*
- 20.00%
- 10Y*
- 15.07%
QUEJ.DE
- 1D
- 0.00%
- 1M
- 5.33%
- 6M
- 13.25%
- YTD
- 13.48%
- 1Y
- 19.88%
- 3Y*
- 5.98%
- 5Y*
- —
- 10Y*
- —
NS4E.DE vs. QUEJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 20.94% | 27.33% | 22.81% | 33.35% | 0.66% |
QUEJ.DE BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 13.48% | 3.79% | 1.15% | 8.13% | -12.21% |
Correlation
The correlation between NS4E.DE and QUEJ.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.70 |
The correlation between NS4E.DE and QUEJ.DE has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
NS4E.DE vs. QUEJ.DE — Risk / Return Rank
NS4E.DE
QUEJ.DE
NS4E.DE vs. QUEJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) and BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NS4E.DE | QUEJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.21 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 1.91 | +2.92 |
| Martin ratioReturn relative to average drawdown | 16.73 | 5.77 | +10.96 |
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Drawdowns
NS4E.DE vs. QUEJ.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, which is greater than QUEJ.DE's maximum drawdown of -15.02%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and QUEJ.DE.
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Drawdown Indicators
| NS4E.DE | QUEJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -15.02% | -20.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -10.45% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -13.94% | -7.02% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | 0.00% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -6.24% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 3.47% | -0.70% |
Volatility
NS4E.DE vs. QUEJ.DE - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) has a higher volatility of 5.77% compared to BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.DE) at 4.79%. This indicates that NS4E.DE's price experiences larger fluctuations and is considered to be riskier than QUEJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NS4E.DE | QUEJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 4.79% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 14.12% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 17.77% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 15.39% | +2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 15.39% | +2.86% |
NS4E.DE vs. QUEJ.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is lower than QUEJ.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
NS4E.DE vs. QUEJ.DE - Dividend Comparison
Neither NS4E.DE nor QUEJ.DE has paid dividends to shareholders.
Frequently Asked Questions
NS4E.DE and QUEJ.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NS4E.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NS4E.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for QUEJ.DE.
NS4E.DE tracks JPX-Nikkei Index 400, while QUEJ.DE tracks MSCI Japan SRI S-Series PAB 5% Capped. They also come from different issuers: Invesco and BNP Paribas. Their fees differ too: 0.19% for NS4E.DE and 0.25% for QUEJ.DE.
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